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How to Achieve 50% Reduction in Offshore Drilling
Costs. McKinsey & Company. May 2015.
Advanced analytical methodologies from SAS develop a predictive model that provides early
warnings about events that could adversely affect drilling time, cost and safety.
The SAS® Difference Case Study What if you could ...
Enhanced drilling decisions Large national oil and gas Optimize operational performance
based on data-driven insights company What if you could accurately predict and
SAS improves drilling efficiency through manage all the variables or situations that
Situation
its broad expertise in data integration, data affect performance or safety?
The company wanted to identify in real time
quality and advanced analytics, including
the optimal values for drilling process opera-
optimization, data mining and predictive Improve ROI and reduce
tional parameters so it could maximize
modeling. nonproductive time
drilling efficiency, increase the ROP and
• Identify KPIs behind efficient drilling decrease costs. To succeed, it had to manage What if you could aggregate all drilling
operations. SAS analyzes the statistical the ROP in the context of other performance ecosystem data, including IIoT sensor data,
relationship between data on relevant metrics such as cost per foot, foot per day and compare operational performance
drilling incidents (e.g., equipment and mechanical specific energy. across all of your rigs?
failures, well control issues, losses, stuck
pipes) and key performance indicators Monitor events and manage KPIs
Solution
(e.g., wellbore tortuosity, ROP, cost per in real time
foot and foot per day). To optimize the drilling program, SAS
What if you could visualize your risks and
Analytics identified the factors that most
• Reduce nonproductive time and invisible predict the best actions to help you avoid
influenced ROP, enabling the customer to
lost time with powerful data integration excessive cost, dangerous situations and
understand the optimum range of values for
and data management tools. SAS inefficiency?
controllable factors in real time. The control-
collects and analyzes key data from the
lable or operational parameters available for
entire drilling operation, validates it with Accurately determine feasibility
analysis were revolutions per minute, weight
proven quality control processes, then What if you could evaluate multiple drilling
on bit, slow pump pressure, drill bit selec-
integrates it with an easy-to-use analyt- scenarios to model economic feasibility?
tion, bottom hole assembly, rig type,
ical data mart.
logging while drilling, measurements while
• Visualize and analyze drilling perfor- drilling, driller profiles and experience. SAS Facts
mance in near-real time. Visualization
software from SAS makes it quick and Result • SAS software is used by more than 560
easy to view, analyze and communicate energy firms worldwide, including 9 of
The first wells in the pilot program exhibited
the latest information on current and the top 10 oil producers and all six
a significantly improved rate of penetration,
potential drilling performance – both supermajors.
increasing the foot per day by 12 percent.
at the office and on the rig site. In addition, nonproductive time was reduced • SAS Analytics consistently receives top
by 18 percent during the drilling phase. awards from industry analysts.
SAS provides an integrated platform and
• SAS customers at more than 80,000 sites
a complete predictive analytics solution
use our software to improve performance
so you can take advantage of data-driven
and deliver value by making better
predictive models in near-real time.
decisions faster.
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